A colleague advised me that in purchasing a property in Neath there could be a number of restrictions affecting the ability to carry out external alterations to the property. Is this right?
We are aware of a number of properties in Neath which have some sort of restriction or requirement of consent to perform external alterations. Part of the conveyancing in Neath should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
Can I be sure that the Neath conveyancing solicitor on the Co-operative panel is any good?
When it comes to conveyancing in Neath getting recommendations is a good starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one advertising the lowest fees. We would always advise that you speak with the solicitor carrying out your transaction.
Two weeks ago we had a mortgage agreed in principle with Co-operative. Neath conveyancing solicitors have been selected. How long does it take for Co-operative to send the offer to the conveyancing practitioner?
Some lenders take longer than others. Have Co-operative done the survey? Have you advised Co-operative as to your lawyers' details and checked that your lawyers are on the Co-operative conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
I need some fast conveyancing in Neath as I have a deadline to complete within one month. A mortgage is not required. Is it possible to avoid the conveyancing searches to save fees and time?
If.Given you are not getting a home loan you are at free not to do searches although no law firm would suggest that you don't. With plenty of history conveyancing in Neath the following are instances of issues that can appear and therefore impact future saleability: Refused Planning Applications, Outstanding Fees, Outstanding Grants, Railway Schemes,...
I am purchasing a new build house in Neath benefiting from help to buy. The developers would not reduce the amount so I negotiated five thousand pounds worth of additionals instead. The sale representative told me not inform my lawyer about this extras as it could impact my mortgage with Skipton Building Society. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I have been on the look out for a ground for flat up to £235,500 and identified one round the corner in Neath I like with open areas and transport links nearby, the downside is that it only has 61 years on the lease. I can't really find anything else in Neath in this price bracket, so just wondered if I would be making a mistake acquiring a lease with such few years left?
Should you require a home loan the remaining unexpired lease term may be a potential deal breaker. Reduce the offer by the expected lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for at least 2 years you could request that they commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should speak to your conveyancing lawyer about this.
I own a leasehold house in Neath. Conveyancing and Clydesdale mortgage organised. A letter has just been received from someone saying they have taken over the freehold. It included a demand for arrears of ground rent dating back to 1993. The conveyancing solicitor in Neath who previously acted has long since retired. Do I pay?
The first thing you should do is make enquiries of the Land Registry to make sure that the individual claiming to own the freehold is indeed the registered owner of the freehold reversion. You do not need to instruct a Neath conveyancing practitioner to do this as you can do this on the Land Registry website for a few pound. You should note that in any event, even if this is the rightful landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
Neath Conveyancing for Leasehold Flats - A selection of Questions you should ask Prior to buying
For most Neath leaseholds the outlay for major works are not included within maintenance charges, albeit that a few managing agents in Neath obliged leasehold owners to pay into a sinking fund and this is used to offset against larger works. The best form of lease structure is a share of the freehold. In this situation the tenants enjoy control and notwithstanding that a managing agent is usually retained where it is larger than a house conversion, the managing agent acts for the leaseholders themselves. What is the annual maintenance fee and ground rent?